Apple Emerges as World's Largest Smartphone Vendor; Surpasses Nokia

Apple is the largest smartphone vendor surpassing Samsung and Nokia not only in terms of revenue, but also in volume accounting for 18.5 percent of the smartphone shipments in the second quarter.

The sales of the iPhone triggered Apple’s share to jump 21 percent. According to Strategy Analytics survey, Apple’s growth remained strong as it expanded distribution worldwide, particularly in China and Asia.

Apple’s stock price recently went up to $400, and its total market capitalization is more than $363 billion, which makes it the second largest company in the world, behind Exxon Mobil.